HEAT SEEK INC

EIN: 472309345 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$210,274
Total Expenses
$136,563
Total Assets
$105,274
Net Assets
$105,274
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
NOELLE FRANCOIS
Phone
7576199808
Tax Period
2021-07-01 to 2022-06-30

HEAT SEEK INC, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $210K in total revenue in fiscal year 2021. The organization ran a surplus of $74K, a strong 35% operating margin.

Mission

WE STRIVE TO HARNESS THE POWER OF TECHNOLOGY TO PROVIDE RELIABLE, OBJECTIVE, ACCURATE, AND OPEN DATA TO MAKE THE WORLD A BETTER PLACE TO LIVE.

Program Service Accomplishments

Program 1
Expenses: $88,998 Revenue: $552

OUR MISSION IS TO MAKE THE CITY A SAFER, WARMER PLACE TO LIVE FOR ALL NEW YORKERS. HEAT SEEK HELPS TENANTS RESOLVE THEIR HOME HEATING ISSUES BY PROVIDING THE OBJECTIVE, RELIABLE TEMPERATURE DATA THEY...

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OUR MISSION IS TO MAKE THE CITY A SAFER, WARMER PLACE TO LIVE FOR ALL NEW YORKERS. HEAT SEEK HELPS TENANTS RESOLVE THEIR HOME HEATING ISSUES BY PROVIDING THE OBJECTIVE, RELIABLE TEMPERATURE DATA THEY NEED TO HOLD THEIR LANDLORDS ACCOUNTABLE. WORKING CLOSELY WITH TENANT ORGANIZERS, PUBLIC INTEREST ATTORNEYS, AND CITY OFFICIALS, WE INSTALL PROPRIETARY TEMPERATURE SENSORS AND OFFER TECHNICAL EXPERTISE TO ASSIST LOW-INCOME TENANTS IN DOCUMENTING WHEN THEIR LANDLORDS FAIL TO PROVIDE ADEQUATE HEAT DURING THE WINTERTIME. BY FOCUSING ON TENANTS AT RISK OF BEING FORCED FROM RENT-STABILIZED AND OTHER AFFORDABLE HOUSING, WE ENSURE THAT SENSORS ARE PLACED WITH THE TENANTS WHO NEED OUR DATA THE MOST.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $209,722
Program Service Revenue $552
Investment Income $0
Other Revenue $0
TOTAL REVENUE $210,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,001
Fundraising Expenses $16,074
Program Expenses $88,998
Other Expenses $27,562
TOTAL EXPENSES $136,563

Year-over-Year Comparison

2021 2020 Change
Revenue $210,274 N/A N/A
Expenses $136,563 N/A N/A
Net Income $73,711 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
1
Volunteers
4

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$60,000
Total Directors
5
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NOELLE FRANCOIS EXECUTIVE DIRECTOR 35.00
Officer Director
$60,000 $0 $60,000
NATASIA DE SILVA CHAIR 0.15
Officer Director
$0 $0 $0
MICHAEL RESTEY JR SECRETARY 0.15
Officer Director
$0 $0 $0
MEGAN ROHRER TREASURER 0.15
Officer Director
$0 $0 $0
WALTER ALARKON DIRECTOR 0.15
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $210,274 $136,563 $105,274 $73,711
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